Brazil scandal proves opportune moment for Aussie beef in China

Four days after China issued a ban on Brazilian meat and just one day before it lifted the ban, China and Australia signed a meat trade deal, expanding their December 2015 free trade deal. The new agreement gives more Australian chilled-meat processors the opportunity to ship to China, reported Asia Nikkei.

The estimated eventual boost to Australia’s annual meat trade with China is about USD 305.4 million, with the National Farmers' Federation predicting meat exports to China could soar. Fiona Simson, President, said thanks to the new agreement, “it is now a reality that red meat exports to China could soon reach more than USD 765 million”.

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